goeasy (TSE:GSY) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

goeasy Ltd. (TSE:GSY)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$172.24 and traded as low as C$166.03. goeasy shares last traded at C$166.03, with a volume of 36,880 shares changing hands.

Analysts Set New Price Targets

Several research firms have commented on GSY. BMO Capital Markets raised their price objective on goeasy from C$202.00 to C$207.00 in a research report on Monday, November 11th. Raymond James raised their price objective on goeasy from C$230.00 to C$245.00 in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group dropped their target price on goeasy from C$228.00 to C$215.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, goeasy has a consensus rating of “Moderate Buy” and a consensus price target of C$223.78.

goeasy Stock Down 0.9 %

The firm has a market capitalization of C$2.76 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 0.84 and a beta of 1.87. The stock has a 50 day moving average of C$172.33 and a 200 day moving average of C$176.12. The company has a quick ratio of 28.46, a current ratio of 82.04 and a debt-to-equity ratio of 287.63.

goeasy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were paid a $1.17 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $4.68 dividend on an annualized basis and a yield of 2.84%. goeasy’s payout ratio is currently 28.45%.

Insider Buying and Selling at goeasy

In other news, Senior Officer Jason Mullins sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$171.76, for a total transaction of C$429,400.00. 22.05% of the stock is currently owned by insiders.

goeasy Company Profile

goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. It offers unsecured and secured installment loans; home equity secured instalment loans and automotive vehicle financing; and loans to finance the purchase of retail goods, powersports and recreational vehicles, home improvement projects, and healthcare related products and services.